Office Space
16125 Cairnway Drive Houston, TX 77084
Details & Description
Price: $3,737,935
    A 22,828 SF Medical Office Condominium Conversion, located in close proximity to Highway 6 and Clay Road in Northwest Houston. A new TPO roof was installed on the subject property in January of 2021, with most of the condos undergoing complete renovations in 2018. Five of the Eleven units are currently leased, with a sixth unit signing a sale leaseback at close of escrow for 5 years. The remaining condos are newly vacated, which gives a new owner significant upside in leasing the newly vacant space, along with 4,900 SF of shell space that has never been occupied or marketed for lease. All owners & tenants of the subject property are Medical related businesses (DDS, MD, PA, DVM), with the majority of tenants occupying the property since construction in the late 1980's.
    Property Highlights
     Seller Reported New TPO Roof Installation in January 2021, with 20-Year Transferable Warranty
     High-end Medical Office Buildout in Majority of Units as of 2018
    Additional Photos
    Listing Agents
    Cary Latham

    O: 713-629-0500
    M: 713-360-1686
    cary.latham@partnersrealestate.com
    Wyatt Huff

    O: 713-597-2604
    wyatt.huff@partnersrealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    16125 Cairnway Drive

    Houston, TX 77084

    Listing ID: 248970
    • 16125 Cairnway Drive Houston, TX 77084 | for Sale | Photo 1
    • 16125 Cairnway Drive Houston, TX 77084 | for Sale | Photo 2
    • 16125 Cairnway Drive Houston, TX 77084 | for Sale | Photo 3
    • 16125 Cairnway Drive Houston, TX 77084 | for Sale | Photo 4
    • 16125 Cairnway Drive Houston, TX 77084 | for Sale | Photo 5
    16125 Cairnway Drive | for Sale | Thumbnail 1
    16125 Cairnway Drive | for Sale | Thumbnail 2
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    16125 Cairnway Drive | for Sale | Thumbnail 5
    Building Size: 22,828 SF
    Lot Size: 1.000 AC
    Land Size: 43,560 SF
    Building $/SF: $163.74
    Land $/SF: $85.81
    Price
    $3,737,935
    Property Highlights
    Seller Reported New TPO Roof Installation in January 2021, with 20-Year Transferable Warranty
    High-end Medical Office Buildout in Majority of Units as of 2018
    Low Cost Basis of $163SF for Turnkey Medical Office
    3 Newly Vacated Units Also Available
    Additional Second Story Shell Space Totaling 4,900 SF That has
    Never Been Occupied or Marketed For Lease
    Strong Population Density 111,325 Households In 5-Mile Radius
    Description

    A 22,828 SF Medical Office Condominium Conversion, located in close proximity to Highway 6 and Clay Road in Northwest Houston. A new TPO roof was installed on the subject property in January of 2021, with most of the condos undergoing complete renovations in 2018. Five of the Eleven units are currently leased, with a sixth unit signing a sale leaseback at close of escrow for 5 years. The remaining condos are newly vacated, which gives a new owner significant upside in leasing the newly vacant space, along with 4,900 SF of shell space that has never been occupied or marketed for lease. All owners & tenants of the subject property are Medical related businesses (DDS, MD, PA, DVM), with the majority of tenants occupying the property since construction in the late 1980's.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Houston History of Office Space for Sale

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    Houston Area Market Trends

    Listing Demographics for 16125 Cairnway Drive Houston, TX 77084

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population13,85389,240257,761
    Population Median Age363534
    Population by Age0-9 Yrs1668 (12%)12276 (13%)38289 (14%)
    10-19 Yrs2368 (17%)14690 (16%)40674 (15%)
    20-29 Yrs2021 (14%)12189 (13%)34558 (13%)
    30-39 Yrs1907 (13%)13178 (14%)38592 (14%)
    40-49 Yrs1766 (12%)12075 (13%)37071 (14%)
    50-59 Yrs1800 (12%)11537 (12%)33155 (12%)
    60-69 Yrs1488 (10%)8666 (9%)22718 (8%)
    70+ Yrs835 (6%)4630 (5%)12704 (4%)
    Median HH Income$54,335$69,716$75,337
    Total Household Income< 24K1146 (24%)3984 (13%)9264 (11%)
    25-49K1028 (22%)6123 (21%)16828 (20%)
    50-74K846 (18%)5463 (18%)15776 (18%)
    75-99K611 (13%)4261 (14%)12880 (15%)
    100-199K831 (17%)7401 (25%)22702 (26%)
    200K+182 (3%)1650 (5%)6635 (7%)
    Highest Education LevelNo Diploma2013969722872
    Diploma or GED20171299935492
    Some College20701221835355
    Assoc. Degree602429713236
    Bachelors Degree13801214438778
    Higher Degree548464116373
    Total Housing Units5,16731,08090,964
    --Owner-Occupied2,63319,53255,534
    --Renter-Occupied2,0109,35028,550
    Owner-Occupied Values< 100K30117773967
    100-199K19341205631467
    200-299K319409213668
    300-399K257212813
    400-499K84761727
    500K+484101892
    Total Working Age Population10,73967,553193,490
    In Work Force7,01646,382136,977
    Not In Work Force3,72321,17056,513
    Workforce Employed6,55843,618129,550
    Workforce Unemployed4572,7647,413
    Civlian Workforce7,01646,382136,963
    Military Workforce0014
    Total Households4,64328,88284,084
    Family Households3,40921,76463,660
    Non-Family Households1,2347,11820,425
    Married Couple2,41615,52346,461
    Other Family9936,24117,199
    Married w/Child1,0827,49023,539
    Single Male w/Child1568311,937
    Single Female w/Child3852,4617,093

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Fort Bend County354,452+65585,375+44840,383+431,203,029
    Harris County3,400,578+204,092,459+224,978,845+195,924,750

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 16125 Cairnway Drive in Houston?
    The asking price for 16125 Cairnway Drive is $3,737,935
    What is the building size of this Office property in Houston, TX?
    The size of the building/unit at 16125 Cairnway Drive in Houston is 22,828 square feet
    How much land does the Houston, TX property at 16125 Cairnway Drive include?
    16125 Cairnway Drive in Houston includes 1.000 acres of land
    What kind of Office is the propery at 16125 Cairnway Drive?
    The property at 16125 Cairnway Drive Houston, TX 77084 is listed as a Medical Office property
    What is the population within 1 mile of 16125 Cairnway Drive in Houston?
    The population within 1 mile of 16125 Cairnway Drive Houston, TX 77084 is 13,853 people.
    Who do I contact for questions about 16125 Cairnway Drive?
    You should contact the listing agent, Cary Latham, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    George Bush Intercontinental Houston Airport (IAH) 21
    William P Hobby Airport (HOU) 26
    Austin Bergstrom International Airport (AUS) 124
    Price
    $3,737,935
    Listing Agent
    Listing Co-Agent
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